Publication Laka-library:
Nuclear energy in the UK (2023)
| Author | Chris Matthew, Alan Walker |
 |
2-05-0-00-59.pdf |
| Date | December 2022 |
| Classification | 2.05.0.00/59 (UNITED KINGDOM - GENERAL) |
| Front |
From the publication:
By Chris Matthew, Alan Walker 12 December 2022 Nuclear energy in the UK UK Parliament Post Overview Nuclear electricity is a predictable and low-carbon part of the UK energy mix, currently providing 15% of the UK’s electricity. However, most existing nuclear power stations are set to close by 2030. The Government has an ambition to increase production of nuclear energy. One new nuclear power station is under construction (Hinkley Point C) and another (Sizewell C) has received planning consent. This POSTnote reviews the evidence surrounding the construction of new nuclear power stations and the ways in which nuclear might contribute to emission reduction targets, noting that: • Globally, nuclear projects have tended to overrun in cost and time. • New designs, which developers suggest could address historical issues, will require further development and not be available until at least the 2030s. • Changes to the mix of electricity generation technologies will affect how nuclear can be integrated into the grid. • Encouraging private investment requires mechanisms to reduce or share financial risk with consumers to minimise costs. • Nuclear stakeholders suggest a Government supported programme of reactors could reduce investment risk for developers. • There are concerns that over-emphasis on nuclear could divert investment and resources from other low-carbon technologies.